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Weekly Market Recap: Bank Scare To Tank Markets & Trigger Recession?

Wealthion - Be Financially Resilient

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The Time Bomb in the Financial Crisis

If you incentivize bad behavior, then why would I not do this? Let me give you a good example back from the financial crisis. JP Morgan, Bank of America, Wells Fargo were basically robo-signing mortgage applications and forging documents to get loans. They were evicting people from houses that they didn't even have a mortgage on. But nobody cared at the time because everybody was making so much money,. And then we bailed them all out. Instead of sending people to jail, we just said, okay, you're going to have to pay a fine. Well, if I told you that I could make you a billion dollars, but you'd need to pay a hundred million

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